inflation

George Soros talked to the Telegraph, and in an article released today, sounded very downbeat about the prospects for the UK economy. M. Soros also said that their were many fundamental supports for the price of oil, including supply ad…

Caroline Baum was asking in her column today: "How can a 2 percent funds rate be appropriately calibrated to promote moderating inflation when inflation is currently rising at almost 4 percent?" The answer: it can't. The Fed is all about…

A great article on the website Safe Haven asks the important question: Can you trust the government's data. I had the same question in a post called "Last week's GDP numbers." Here's what Michael Pento has to say in his article:The…

The inflation genie may be out of the bottle for a while. The headlines are being made by food and energy prices spiking higher. The Fed and many economists ignore food and energy when looking to underlying inflationary trends, relying…

Oil hit $126 a barrel today on production fears. Refiners and firms that need oil to make money seem to be hoarding it as the price rises inexorably higher. According to Bloomberg, "U.S. crude supplies rose 5.65 million barrels to 325.6…

With oil prices edging up near $120 a barrel, isn't it time for a Windfall Profits tax on oil companies in order to alleviate the burden of the high cost of oil? The short answer is no. Let me explain why.

When you hear about inflation on TV, don't you often wonder why the official number seems lower than inflation feels to you when you go shopping? It's an open secret in Washington, but the Consumer Price Index (CPI), the common measure of…

As the Fed Funds rate gets close to zero, pundits have been worrying about a pending liquidity trap. While I think these worries are well placed because the Fed is running out of bullets, I am more concerned about inflation right now.…

Steve Hanke, a libertarian economist who writes for Forbes, argues that the Fed is panicked about the economy in a piece that came out today. He believes they have lowered the Fed Funds interest rate to where inflation is now a problem.…

Recently, on Mar. 18th, the Federal Reserve lowered the Fed Funds rate to 2.25%. In the accompanying statement, the Fed said the following: "Recent information indicates that the outlook for economic activity has weakened further. Growth…